• Tauffiqu Ahamad
• Mainaz Bano

According to Mohammad Yunus founder of the Grameen Bank said " If you can run a bank, lend money, and get it back, cover all your costs, and make a profit, and people get out of poverty, what else do you want?" Microfinance refers to the provision of various financial services like savings, credit, money transfers, insurance, for the poor to enable them to raise their income levels and improve economic condition of rural people. As we all know that in India there are many back-ward regions of characterized by stumpy per-capita income, short capital formation, not enough infrastructure facilities, geographical remoteness and communication restricted access, insufficient exploitation of natural resources . It is a concept of providing loans, savings and other basic financial services to the poor class and lower income group population. These people either do not know the functionality of banking or do not have access to typical banking services. This concept usually helps poor class in their small need fulfillment. This article is an attempt to identify either the Micro Finance sector in India which comprises Self-Help Group (SHG)-Bank Linkages and Micro-Finance Institutions (MFI) - Bank Linkages being operated in the country. The growth of the Microfinance industry in India has been phenomenal. The SHGs have also managed to create deep roots within the country. However much needs to be done to see significant change in different parts of the country.

Keywords: Financial services, Economic Condition, SHGs, Poor class, Loans, Per-capita income, Infrastructure facilities,

"AN ATTEMPT TO EMPOWERING RURAL PEOPLE THROUGH MICRO FINANCE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 6, page no.440-443, November-2014, Available :http://www.jetir.org/papers/JETIR1406013.pdf

"AN ATTEMPT TO EMPOWERING RURAL PEOPLE THROUGH MICRO FINANCE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 6, page no. pp440-443, November-2014, Available at : http://www.jetir.org/papers/JETIR1406013.pdf